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Obama would veto Republican budget bill (Obama wants to bankrupt this country)
wall street journal ^ | 7/18/2011 | By Robert Schroeder

Posted on 07/18/2011 3:31:39 PM PDT by tobyhill

WASHINGTON (MarketWatch) — President Barack Obama would veto a House Republican bill that requires Congress to add a balanced-budget amendment to the Constitution before raising the country’s debt limit, the White House said Monday, as action in the debt-ceiling debate moved to Capitol Hill.

The House GOP’s “Cut, Cap and Balance Act” “would undercut the government’s “ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future,” the White House said in a policy statement about the bill, which would also cut spending from the 2012 budget and cap future spending.

House Republicans are planning a Tuesday vote on the bill, which would raise the debt ceiling by $2.4 trillion and require matching spending cuts. The bill, one of several plans for raising the debt limit and cutting spending, is expected to fail in the Senate. Read a summary of the Cut, Cap and Balance Act.

The U.S. government is facing an Aug. 2 deadline for raising the debt ceiling, according to the Treasury Department, and Obama met over the weekend with House Speaker John Boehner and House Majority Leader Eric Cantor to discuss the debt limit.

(Excerpt) Read more at ...

TOPICS: Extended News; News/Current Events
KEYWORDS: fdr; greatsociety; slumlord
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To: radioone
Strike that last sentence:

Who among us think this could POSSIBLY happen?????


radioone ... buddy ... that is EXACTLY what we need.

Does anybody in their right mind REALLY think the kleptocrats now in Congress can solve this Gordian Knot problem of debt-versus-spending? I sure don't. Hell, they've been ignoring the Constitution since FDR!

Instead, only We The People can set the right course. Call a Constitutional Convention, under Article V, for the purpose of making Amendments.

What's the WORST that could happen? That a full re-write of the Constitution is attempted? WELL, FINE! Let them try to get even ONE the several States to ratify that crap! Ain't gonna happen.

What's the BEST that could happen? That We The People make the needed Amendments to nail the debt problem, and the runaway Congress, to the wall. We can throw in Term Limits too, just for principles.

I say DO IT!

41 posted on 07/18/2011 8:49:10 PM PDT by DNME (With the sound of distant drums ... something wicked this way comes.)
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To: pieceofthepuzzle

I would like to clarify, my main point is that socialists like Obama main goal is to spread the misery equally...guys like Obama merely use race as a weapon to achieve this feeble goal...

42 posted on 07/18/2011 11:41:14 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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